Guideline Value for Chinna Kulanthai East Street

Chinna Kulanthai East Street guideline value

The current guideline value of Chinna Kulanthai East Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chinna Kulanthai East Street has changed

Since the 2007 revision, the guideline value for Chinna Kulanthai East Street has seen significant changes. In 2007, the value was Rs 800 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft from the 2024 revision. The changes between these revisions include a +213% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and an +8% increase from 2023 to 2024.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +238%.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the 2024 guideline value of Chinna Kulanthai East Street.

• Chinna Kulanthai 7th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai North Main Road: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai North Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai South Main Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kulanthai East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty, charged at 7%, would amount to Rs 1,89,000, and the registration fee, charged at 2%, would be Rs 54,000. Together, the total cost for duty and registration would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Chinna Kulanthai East Street?

The Sub Registrar Office that covers Chinna Kulanthai East Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further details.

How the guideline value is used when you buy or sell in Sembiam

The guideline value is a crucial factor in property transactions in Sembiam. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. This value is essential for calculating the stamp duty and registration fees, which must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Chinna Kulanthai East Street?

The current guideline value of Chinna Kulanthai East Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with various fluctuations in between.

What are the registration fees for property in Chinna Kulanthai East Street?

The registration fee is calculated at 2% of the guideline value, which for a 1,000 sq.ft plot would amount to Rs 54,000.

Which office handles property registrations in Sembiam?

The Sembiam Sub Registrar Office handles property registrations in Sembiam, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Sembiam?

The stamp duty is calculated at 7% of the higher value between the guideline value and the sale price of the property.